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A bank offers 6.9% compound interest per annum calculated on a half-yearly basis. A customer deposits ₹9,688 each on 1 January and 1 July of a year. At the end of the year, the amount he would have gained by way of interest is ________. (Round your answer to the nearest paise.)
₹1,021.44
₹1,025.70
₹1,022.06
₹1,014.24
₹1,014.24
Practice and solve "A bank offers 6.9% compound interest per annum calculated on a half-yearly basis. A customer deposit..." for Mathematics - Previous Year Paper 2026. The correct answer is Option D: ₹1,014.24. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "A bank offers 6.9% compound interest per annum calculated on a half-yearly basis. A customer deposit..." for Mathematics - Previous Year Paper 2026. The correct answer is Option D: ₹1,014.24. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.